Layne Christensen Company (NASDAQ:LAYN) will announce its earnings results after the market closes on Monday, September 11th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.

Layne Christensen (NASDAQ:LAYN) last released its earnings results on Thursday, June 8th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.14. Layne Christensen had a negative net margin of 11.98% and a negative return on equity of 31.94%. The firm had revenue of $111.51 million during the quarter, compared to the consensus estimate of $111.25 million. During the same period in the previous year, the firm earned ($0.45) earnings per share. Layne Christensen’s revenue was down 7.6% compared to the same quarter last year. On average, analysts expect Layne Christensen to post $-0.53 EPS for the current fiscal year and $0.54 EPS for the next fiscal year.

Shares of Layne Christensen Company (NASDAQ:LAYN) opened at 11.00 on Friday. The firm’s 50-day moving average is $10.33 and its 200 day moving average is $8.99. Layne Christensen Company has a 1-year low of $6.98 and a 1-year high of $11.42. The stock’s market capitalization is $217.86 million.

TRADEMARK VIOLATION WARNING: “Layne Christensen Company (LAYN) Set to Announce Quarterly Earnings on Monday” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/10/layne-christensen-company-layn-set-to-announce-quarterly-earnings-on-monday.html.

An institutional investor recently raised its position in Layne Christensen stock. State Street Corp raised its position in Layne Christensen Company (NASDAQ:LAYN) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,282 shares of the construction company’s stock after buying an additional 25,213 shares during the quarter. State Street Corp owned about 1.41% of Layne Christensen worth $2,465,000 at the end of the most recent reporting period. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on LAYN shares. Zacks Investment Research upgraded Layne Christensen from a “strong sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Saturday, June 10th. ValuEngine cut Layne Christensen from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price objective on shares of Layne Christensen in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.33.

About Layne Christensen

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

Earnings History for Layne Christensen (NASDAQ:LAYN)

Receive News & Stock Ratings for Layne Christensen Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Layne Christensen Company and related stocks with our FREE daily email newsletter.